Battle royale in Hong Kong

Samsung and GE have taken on a powerful Hong Kong family in a battle over a cash-rich internet company.

In a brazen piece of legerdemain, one of Hong Kong's most powerful families is poised to get millions of dollars from under the nose of vLink Global, a young internet investment company that has become the focus of a three-way power struggle between Samsung Securities of Korea, GE Asia Pacific Capital Technology Fund of the US and the Heung family of Hong Kong.

Since listing its shares for the first time on the Hong Kong Stock Exchange in April 2000, vLink's boardroom has come to resemble a battlefield, with one group of directors succeeding another after a matter of weeks or even days. Last month, the company's original management, headed by Jimmy Wong, former...

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